DIP Commitment Letter definition

DIP Commitment Letter means that certain Commitment Letter, dated May 13, 2020, by the DIP Lenders, Hornbeck and Hornbeck Offshore Services, LLC.

DIP Commitment Letter means the debtor-in-possession financing commitment letter to be executed among HBK Master Fund L.P., Barclays Bank PLC, Tricap Partners II L.P., the Company and such other parties as may become parties thereto in accordance with the terms thereof, in connection with a proposed secured super-priority debtor-in-possession multiple draw term loan facility to fund the continued operation of the Company’s and its subsidiaries’ business as debtors under any CCAA and related proceedings under the U.S. Bankruptcy Code.

DIP Commitment Letter means the commitment letter setting forth the terms and conditions of the DIP Facility.

Examples of DIP Commitment Letter in a sentence

• In issuing this DIP Commitment Letter and in arranging and providing the DIP Facility, the DIP Agent, the DIP Arranger and the DIP Commitment Parties will be entitled to use, and to rely on the accuracy of, the Information and Projections furnished to them by or on behalf of the Debtors and their respective Related Persons without responsibility for independent verification thereof.

• Before taking any strategic decisions like launching new products, investments in new types of assets, the impact of such issues on the Company’s liquidity risk profile.

• This DIP Commitment Letter shall become effective with respect to the DIP Commitment Parties agreements herein upon delivery of this DIP Commitment Letter to the Debtors, duly executed by the DIP Commitment Parties.

• This DIP Commitment Letter may not be amended, or any provision hereof waived or modified, except by written agreement signed by the Debtors and the Required DIP Commitment Parties (which amendment, waiver or modification may be effected via email); provided, that any amendment or other modification hereof that affects the rights or obligations of the DIP Agent or the DIP Arranger shall require the consent of the DIP Agent or the DIP Arranger, as applicable.

• Delivery of an executed counterpart of a signature page to this DIP Commitment Letter by facsimile or electronic transmission (e.g., “pdf”) shall be as effective as delivery of a manually executed counterpart of this DIP Commitment Letter.

More Definitions of DIP Commitment Letter

DIP Commitment Letter means the commitment letter (including the exhibits and annexes attached thereto), dated February 1, 2011, between Investor and the Company.

DIP Commitment Letter means the letter dated October 1, 2020, setting out the terms and conditions of a credit facility as between Financing Inc., as borrower, Capital Inc., as guarantor, and the Interim Lender, and approved by the Court under the ARIO and as amended from time to time.

DIP Commitment Letter means the letter between IES and BofA setting forth the general terms and conditions of the DIP Facility.

DIP Commitment Letter means the commitment letter setting forth the terms and conditions of the DIP Facility, attached as Exhibit 1 to the Restructuring Term Sheet.

DIP Commitment Letter means the commitment letter for the DIP Facility annexed to the Disclosure Statement as Exhibit F.

DIP Commitment Letter means the commitment letter attached as Exhibit C hereto (including the DIP Term Sheet attached as an exhibit thereto) with respect to the DIP Facility.

DIP Commitment Letter means the commitment letter attached as Exhibit D hereto (including the DIP Term Sheet attached as an exhibit thereto) with respect to the DIP Facility;